Chain (XCN) Price Prediction 2022-2030: Will XCN Price Hit $0.1 Soon?

• Chain (XCN) price prediction ranges from $0.03330 to $0.1.
• Analysis suggests that the XCN price might reach above $0.1 soon.
• The XCN bearish market price prediction for 2022 is $0.0330.

Apart from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and gain experience with new cryptocurrencies. Chain (XCN) is one of them.

XCN is an Ethereum token that is used to vote on protocol improvements and various community-driven programmes. XCN is also used for discounts, premium access, and as a payment method for Sequence and other Chain ecosystem products.

If you are interested in the future of XCN and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030 – keep reading!

What is Chain (XCN)?

Chain is a cloud blockchain infrastructure that allows businesses to create better financial services from the ground up. Chain has released Chain Core, a permission and open-source blockchain, and Sequence, a ledger, as a service product. Clients can use Chain Tokens (CHN) to receive discounts, pay commercial fees, participate in community protocol governance, and gain access to premium features.

Institutions can use Chain Core to launch and operate a blockchain network or connect to a growing list of other networks changing how assets move around the world. The Chain Protocol specifies how assets on a blockchain network are issued, transferred, and controlled.

It enables a single entity or a group of organizations to operate a network, allows multiple types of assets to coexist, and is interoperable with other independent networks. Chain Core is designed to meet the performance requirements of modern financial systems. A transaction’s time to create, sign, and validate is measured milliseconds.

The sequence is a ledger-as-a-service that allows businesses to securely track and transfer tokenized balances. Organizations can use Sequence to securely manage their financial assets in token format on private ledgers and seamlessly transfer them across public networks.

Chain Protocol is intended to be a multi-asset, shared cryptographic ledger. It allows multiple independent networks with different operators to coexist and interoperate by sharing a common format and capabilities. Control over assets is separated from control over ledger synchronization using the principle of least authority.

By writing custom “issuance programmes,” any network participant can define and issue assets using the Chain Protocol. Units of an asset are controlled by “control programmes” once they are issued. These programmes are written in a Turing-complete programming language that can be used to create complex smart contracts.

A federation of “block signers” protects each network. As long as a quorum of block signers follows the protocol, the system is secure against forks. Block creation is delegated to a single “block generator” for efficiency. Any network node can validate blocks and send transactions to the network.

Chain Core is a piece of enterprise software that implements the Chain Protocol. A free, open-source developer edition is available, and Chain operates a Chain blockchain network as a public testnet.

Chain (XCN) Current Market Status

The maximum supply of Chain is unknown, while its circulating supply is 21,472,783,889 XCN, according to CoinMarketCap. At the time of writing, XCN is trading at $0.05698, representing a 24 hours increase of 0.61%. The trading volume of Chain in the past 24 hours is $25,193,845.43, representing a 51.45% decrease.

Some top cryptocurrency exchanges for trading Chain (XCN) are Coinbase Exchange, Bithumb, Huobi Global, Kucoin, Bitfinex, and others.

Now that you know what Chain is and its current market status, we shall discuss the price analysis of Chain (XCN) for 2022.

Chain (XCN) Price Analysis 2022

Currently, Chain is ranked in the 43rd position on CoinMarketCap. Will developments and upgrades within the Chain community lead to rising in the price of Chain (XCN)? We shall see this in this CoinEdition price analysis 2022 article.

Chain (XCN) Price Analysis – Keltner Channel

Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. The price is in the second half of the Keltner Channel, meaning that more people are unloading XCN rather than buying it. The current decline in the price of XCN might also continue before any expected reversal, given that the last candlestick is bearish.

Chain (XCN) Price Analysis – Relative Strength Index

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Chain (XCN) 1day chart of XCN/USDT is 35.55.  This shows that XCN isn’t having a strong trend anymore, as a strong trend needs to have an RSI value between 50 and 70. Investors should wait for a few confirmations to enter your trade. 

Chain (XCN) Price Analysis – Moving Averages

The chart above shows the 4-Hour XCN 200-day and 50-day Moving Average (MA) chart. XCN is on a bearish trend, having small retraces after the recent uptrend. Since the 200-MA is above the 50-MA, we can observe the price is bearish for long-term hodlers. 

Also, since the gap between the moving averages is getting small and within the recently formed candlesticks, the price of Chain (XCN) might experience a big rise or fall.

Chain (XCN) Price Prediction 2022

Looking at the 4-Hour chart of XCN/USDT, XCN continuously has a bearish momentum. Although it shows that the price is decreasing, when we look at the bigger timeframe, XCN has been swinging inside a range bound, just as in the daily chart. Additionally, XCN still needs to break out of the current swinging channel after having a big fall on 14 June 2022.

Meanwhile, our long-term XCN price prediction for 2022 is bullish since it cannot break the present support level. We can expect XCN to reach $0.13429 in 2022.

Chain (XCN) Price Prediction – Resistance and Support Levels

Above is the 4-Hour technical chart of XCN/USDT. XCN has been fluctuating between $0.05277 within $0.07573 for the past 30 days. If more bears gain pressure and they pushed the price downwards, we could expect XCN might reach $0.01000. 

However, if buyers have their way, the price of XCN might be dethroned from its present downtrend position. In simpler terms, XCN might trend above the $0.07743 resistance level and even higher in 2022, a bullish signal.

Chain (XCN) Price Prediction 2023

Chain (XCN) could end the year 2022 with a relative strength index (RSI) value that is more than 50. This shows that the trend is strong and bullish it will trade above $0.07743 by the end of 2022. Hence, we could expect the price of Chain to surge to at least $0.10377 by the end of 2023 with more adoptions of its proof of stake (PoS), which is supported by the Tendermint consensus.

Chain (XCN) Price Prediction 2024

There will be Bitcoin halving in 2024. Hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect XCN to trade at a price not below $0.13777 by the end of 2014.

Chain (XCN) Price Prediction 2025

We should expect the price of XCN to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving of the previous year. Hence, XCN could end 2025 by trading at around $0.16197.

Chain (XCN) Price Prediction 2026

Since the maximum supply of XCN has already been accumulated, it is possible that the bearish market that follows a strong bullish run will have little impact on its previous price due to the entrance of more institutional investors to its platform. With this, the price of XCN could break the normal trend and trade at $0.19280 by the end of 2026.

Chain (XCN) Price Prediction 2027

Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of XCN could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Hence, XCN could trade at $0.25244 by the end of 2027.

Chain (XCN) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain a higher high value. Chain (XCN) could hit $0.33686 by the end of 2028.

Chain (XCN) Price Prediction 2029

By 2029, there could be a lot of stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of XCN to $0.37604 by the end of 2029.

Chain (XCN) Price Prediction 2030

The cryptocurrency market experiences high stability as a result of the hodling activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Chain (XCN) to trade around $0.42588 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the previous years.

Conclusion

As mentioned above, XCN might reach $0.0733 in 2022 and $0.42588 by 2030 if investors decide that XCN is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.